Motor vehicle title loans; loans to nonresidents. (SB1367)

Introduced By

Sen. Dick Saslaw (D-Springfield)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Motor vehicle title loans; nonresidents.  Eliminates provisions that prevent motor vehicle title lenders from making title loans to individuals whose motor vehicle is registered in another state. Currently, a title lender is required to have its security interest in the motor vehicle added to the vehicle's certificate of title by complying with the requirements of Virginia's motor vehicle laws. This measure will allow title loans to be made to nonresidents of Virginia provided the lender's security interest is added to its certificate of title by complying with the laws of the state where it is registered. The measure has an emergency clause. Read the Bill »


Bill Has Passed


01/12/2011Prefiled and ordered printed with emergency clause; offered 01/12/11
01/12/2011Prefiled and ordered printed with emergency clause; offered 01/12/11 11100705D
01/12/2011Referred to Committee on Commerce and Labor
01/17/2011Reported from Commerce and Labor (12-Y 2-N) (see vote tally)
01/19/2011Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/20/2011Read second time and engrossed
01/21/2011Read third time and passed Senate (32-Y 3-N) (see vote tally)
02/07/2011Placed on Calendar
02/07/2011Read first time
02/07/2011Referred to Committee on Commerce and Labor
02/15/2011Reported from Commerce and Labor with amendment (13-Y 9-N) (see vote tally)
02/17/2011Read second time
02/18/2011Passed by for the day
02/21/2011Read third time
02/21/2011Committee amendment agreed to
02/21/2011Pending question ordered
02/21/2011Engrossed by House as amended
02/21/2011Passed House with amendment (51-Y 47-N)
02/21/2011VOTE: PASSAGE (51-Y 47-N) (see vote tally)
02/23/2011House amendment agreed to by Senate (37-Y 3-N) (see vote tally)
02/23/2011Emergency clause deleted
03/03/2011Bill text as passed Senate and House (SB1367ER)
03/03/2011Signed by Speaker
03/06/2011Signed by President
03/23/2011G Approved by Governor-Chapter 418 (effective 7/1/11)
03/23/2011G Acts of Assembly Chapter text (CHAP0418)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 39 minutes.


Jay S., tracking this bill in Photosynthesis, notes:


Dave Westenberger writes:

Does this person benefit from payday lenders?

John Copenhaver writes:

This bill is a bipartisan shame. Virginia has allowed predatory lenders (and bigtime campaign contributors) to prey on its poorest and most vulnerable citizens. Shame.